Yahoo Seeks Better Stake Bids

By

Anupreeta Das,

Amir Efrati and

Joann S. Lublin

December 7, 2011

Yahoo Inc. has requested more information and better terms from potential buyers of a minority stake in the company as the board weighs a variety of proposals, according to people familiar with the matter.

Discussions with private-equity-led bidders have progressed since offers for about 20% of Yahoo were submitted last week, the people said. Yahoo is evaluating a bid led by Silver Lake Partners and a rival proposal from TPG Capital. A separate offer for Yahoo's stakes in two Asian companies is also on the table, people familiar...